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Supplier of autonomous cell robots and assist software program will use newest spherical for R&D and to additional increase into key markets together with the US.
By RBR Workers | December 22, 2021
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Beijing, China primarily based ForwardX Robotics, a supplier of autonomous cell robots (AMRs) and fleet administration software program for materials transportation and selecting operations in warehousing and manufacturing services, introduced that it raised US $31 million in a Collection C1 funding spherical. The spherical was led by Taikang Life Insurance coverage, with Qualcomm Ventures and Starlight Capital additionally contributing to the spherical.
This newest spherical brings ForwardX’s whole funding to roughly US $110M. The newest funding follows a March 2021 Collection B infusion of US $38M. Different investments embrace an preliminary spherical of $10M in Could 2018, a $15M 2019 Collection B, and a Collection B extension of $15 million in April 2020.
ForwardX representatives indicated that the funds shall be used for R&D, and to increase into key markets corresponding to the US. The corporate additionally famous that it had plans to open an workplace on the US East Coast to increase its capability to serve the North American market. In March 2020 the corporate opened its first US headquarters in San Diego. The corporate has expanded outdoors of China beforehand opening an workplace in Toyko, Japan.
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